Is the Ethereum rebound over? ETH price slips towards $2k after hitting $2,136

  • Ethereum (ETH) drops toward $2,000 amid continued market volatility and selling pressure.
  • Whale moves, ETF activity, and Bitcoin weakness fuel the recent decline.
  • MVRV suggests ETH may be near a historical bottom, signalling potential rebound.

Ethereum’s recent rebound appears to be losing steam after the cryptocurrency reached a high of $2,136.

The coin is now quickly slipping towards the $2,000 mark, marking a continuation of a downtrend that has persisted over the past month.

Ethereum (ETH) is currently trading around $2,015, representing a 34.9% decline over the last month.

The sharp monthly decline is part of a broader pattern of volatility in the crypto market this year.

Trading volumes, however, remain elevated, with over $21.5 billion worth of tokens exchanged in the last 24 hours.

Market factors driving the ETH price decline

Several factors are contributing to Ethereum’s recent weakness.

One of the main drivers is elevated volatility in the derivatives and ETF markets.

Recent activity in Ethereum ETFs and Bitcoin-linked derivatives has amplified price swings.

Whale movements have also added pressure.

Large holders transferring ETH to exchanges can trigger panic selling, and reports indicate this has happened in recent weeks.

Bitcoin’s recent weakness has further weighed on Ethereum, given the strong correlation between the two cryptocurrencies.

Analysts also point to the breakdown of key support levels near $3,000 as a signal of continued downside risk.

Ethereum’s 7-day range of $1,824 to $2,369 highlights just how volatile the market has been.

But despite the downward pressure, Ethereum’s network activity remains robust.

Daily transactions and active addresses have not declined, signalling that usage of the blockchain remains strong.

This suggests that fundamentals may still support the network even if prices are under pressure.

Could a market bottom be near?

On-chain analysis offers a possible silver lining for Ethereum investors.

The Market Value to Realised Value (MVRV) metric on Santiment indicates that ETH has approached historically significant levels.

The coin recently traded below the 0.80 MVRV pricing band, a zone that historically corresponds with market bottoms.

This level often signals that many investors are at a loss, creating conditions for accumulation.

Previous dips below this band have been followed by sustained price recoveries over weeks and months.

Current readings suggest Ethereum is undervalued relative to recent history, though the deepest bottom has not yet been confirmed.

If ETH continues to hold near $2,000 and rebounds, it could mark the start of a longer-term recovery phase.

Traders and long-term holders will be watching closely for confirmation of support around this level.

Ultimately, the short-term trend is bearish, but on-chain indicators suggest that Ethereum’s decline may be nearing a turning point.

The coming days will be critical in determining whether ETH stabilises or continues its descent toward lower support levels.

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Axie Infinity price jumps 15% after bounce, dead cat bounce risk remains

  • AXS jumps over 15% after bouncing off $1.20 support amid rising trading activity.
  • bAXS rollout and higher volume fuel rally, but broader market sentiment stays weak.
  • Failure above $1.60 may signal a dead cat bounce, with downside risk toward $0.80.

Gaming token Axie Infinity is up by more than 15% in the past 24 hours as bulls show a notable bounce off the $1.20 support level.

The AXS price ticked up amid heightened trader activity, with the intraday surge pushing the cryptocurrency towards the top 100 by market capitalization.

However, with sentiment across the market still fragile, the big question is whether the upward move signals renewed bullish momentum or merely a fleeting “dead cat bounce”.

Why is Axie Infinity price up today?

AXS is among the top altcoin gainers with double-digit advances on February 9, 2026, posting gains that outpace all top 10 coins by market cap.

This outperformance coincides with Bitcoin’s steady hold above $70,000, bolstered by fresh institutional buying such as Binance’s acquisition of 4,225 BTC as it looks to convert its $1 billion SAFU Fund into BTC.

While the buying, much like Strategy’s (formerly known as MicoStrategy) BTC purchase over the past weeks, has not triggered bulls, stability has benefited small altcoins.

Notably, trader interest in AXS has also spiked following recent announcements from Sky Mavis, the developer behind Axie Infinity, regarding the rollout of bAXS.

The token offers in-ecosystem utility as well as staking and gameplay rewards, and bulls have shown excitement since the news.

Axie Infinity price outlook: Momentum or dead cat bounce?

AXS recently surged to highs near $3 earlier in the year, before plummeting sharply amid last week’s market bloodbath.

The intraday gains of over 15% has therefore emboldened bulls, who targeted strength above $1.50.

Accompanied by a 250% spike in trading volume, AXS rose to above $1.56 as of writing.

The 4-hour chart shows a potential falling wedge breakout, with the RSI and MACD signaling room for more gains.

Axie Infinity Price Chart
Axie Infinity price chart by TradingView

However, the broader crypto market remains mired in bearish sentiment.

Weakness, despite the impending bAXS airdrop, also saw bears retest the downtrend line from above $4.54.

Losses may mean fleeting gains or what analysts call a “dead cat bounce” scenario.

The outlook of the RSI on the 4-hour chart suggests fresh selling may strengthen this prospect.

In this case, a breakdown below the pivotal $1.20 support could accelerate downside momentum, potentially driving AXS toward lows of $0.80.

Prior accumulation zones sit here and might offer relief.

On the downside, a decisive close above $1.60 could invalidate the short-term bearish setup and allow buyers to test horizontal resistance near $3.00.

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Bitcoin price outlook: buy signals appear amid deep BTC correction

  • Bitcoin (BTC) is showing early buy signals amid an ongoing correction near $69,500.
  • The key support levels at $65,800 and $60,100 attract dip buyers.
  • A break above $74,500 could trigger renewed bullish momentum.

Bitcoin has been in a volatile state over the past month, with prices hovering near $69,500.

The cryptocurrency has faced a 23.2% drop over the last month, signalling a deeper correction in progress.

Despite the decline, recent market activity suggests early buy signals are starting to emerge.

Bitcoin price trapped in a sideways phase

BTC is currently trading in a sideways range between $62,800 and $78,900 over the past seven days.

This range indicates indecision among traders, with neither bulls nor bears fully controlling the market.

Analyst Doctor Profit warn that this sideways phase could be a trap, potentially leading to a deeper drop toward $44,000–$50,000.

However, this view is balanced by macroeconomic developments that may provide temporary support for Bitcoin.

The recent rebound above $70,000 came after a short squeeze pushed BTC higher, liquidating over $245 million in positions.

This shows that buying pressure still exists, particularly from opportunistic traders looking to enter at perceived lows.

Liquidity remains relatively strong, with 24-hour trading volume exceeding $46 billion, suggesting continued investor participation.

Bitcoin technical outlook: the buy signals

From a technical standpoint, Bitcoin remains capped below key resistance at $69,000–$69,500.

Breaking above this level is essential for bulls to regain control of short-term momentum.

On the flip side, the support levels at $65,800 and $60,100 provide clear thresholds where buyers may step in.

Recent dip buying indicates that some traders are accumulating Bitcoin during the correction.

Notably, the reset of leveraged positions in derivatives markets points to reduced short-term selling pressure.

Meanwhile, macro factors such as strong US economic data and Federal Reserve liquidity injections provide additional tailwinds.

Political events like Japan’s election have also lifted global risk appetite, indirectly supporting BTC and other risk assets.

Historical trends show that Bitcoin often experiences deep corrections after major rallies, making the current slump consistent with past market cycles.

The all-time high of $126,080, reached in October 2025, remains distant, but the current consolidation may offer opportunities for medium-term accumulation.

Analysts emphasise that patience is critical, as further volatility is expected before a sustained uptrend emerges.

Bulls should watch these key technical zones carefully, knowing that a breakout above $74,500 could signal renewed upward momentum.

Conversely, a fall below $65,800 could intensify selling and extend the correction phase.

Overall, the market is balancing between lingering bearish pressure and emerging buying interest, creating a cautious but potentially rewarding environment.

Investors with a longer-term perspective may view current prices as an entry point amid market-wide corrections.

Short-term traders should remain alert to both upside breakouts and downside risks in the coming weeks.

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HBAR surges 15% and XLM gains 10% as Bitcoin reclaims $70K

  • Hedera and Stellar prices are up by 15% and 10% respectively as altcoin surge.
  • HBAR and XLM eye key levels, helped by Bitcoin’s swift rebound to $70,000.
  • Analysts warn that prices may yet dip after the latest relief rally.

HBAR and XLM are up double digits as cryptocurrencies look for a swift rebound following Thursday’s steep crash that saw over $2.6 billion in leveraged positions wiped out.

The altcoins are up as Bitcoin, which crashed to $60,000 amid the bloodbath, leads the recovery with a rebound to above $70,000.

Gains for Hedera and Stellar mirror the sharp upticks for XRP, Flare, VeChain, and Kaspa. Ethereum, which dipped to near $1,700 on Thursday, was testing the resistance at $2,000.

HBAR and XLM price gains

Hedera’s token dropped to lows of $0.073 as top coins crashed late Thursday, but currently hovers above $0.093 as buyers eye the $0.10 mark given up this week.

An uptick of over 15% in the past 24 hours amid a 65% surge in trading volume (to over $420 million) signals the strong buying that follows the latest dip.

Bulls will eye year-to-date highs of $0.13, likely if market sentiment improves further.

Stellar, which has tracked gains by XRP in the past, also jumped on Friday.

The altcoin was up 10% at the time of writing, slightly off the mark seen with a 13% uptick during early US trading hours.

XRP’s 18% spike as prices touched $1.52 following a dump to $1.13 pulled the closely related XLM higher.

CoinMarketCap data showed Stellar traded around $0.17, sharply up from the lows of $0.13 reached earlier in the day.

XLM was inching higher on increased volume, which details indicate stood at a 24-hour high of $426 million. Stellar bulls had helped push the daily volume up by more than 56% over this period.

While sentiment remains well within the extreme fear territory, analysts say a break to $0.20 could allow for fresh bullish momentum.

Bitcoin tops $70,000 as cryptocurrencies rebound

Bitcoin (BTC) is spearheading the crypto sector’s latest quest for a swift turnaround following a sharp crash.

The huge leverage unwinding saw BTC fall to $60,000, with a $10,000 drop in 24 hours marking the biggest one-day rout since bears annihilated bulls during the FTX crash in 2022.

Gains have come as open interest expands, with shorts covering positions and fueling the climb to the critical $70,000 support level. Daily RSI also shows a bullish divergence.

Bitcoin Price Chart
Bitcoin price chart by TradingView

CoinShares says record ETP volumes, pause in whale selling, and BTC price moving below miners’ production costs are factors that have historically marked fresh accumulation “rather than the start of a new leg lower.”

However, crypto analyst Rekt Capital says bulls may yet have to take on bears.

The analyst shared his BTC price forecast as the cryptocurrency market bounced from Thursday’s crash.

According to Rekt Capital, a potential bearish acceleration is likely after another relief rally, with this based on Bitcoin’s historical chart patterns.

“History suggests there’s more downside to come,” he shared on X.

Bitcoin traded around $71,190 at the time of writing.

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ai.com launches autonomous AI agents that act for users, not just chat

  • ai.com lets users create a personal AI agent in about 60 seconds, with no coding required.
  • Agents can execute tasks across apps and build new capabilities when needed.
  • Improvements are shared across the network, boosting overall agent performance.

The race to move artificial intelligence from conversation to execution is accelerating.

ai.com, a new consumer AI platform founded by crypto executive Kris Marszalek, is entering the market with autonomous AI agents designed to act on users’ behalf, not just answer prompts.

The company says its agents can organize work, execute tasks across apps and even build missing tools themselves, a step that could push AI deeper into everyday digital life.

From crypto scale to consumer AI ambition

ai.com is led by Kris Marszalek, best known as co-founder and CEO of Crypto.com, one of the world’s largest consumer crypto platforms.

Marszalek will continue to lead both companies, positioning ai.com as a mass-market AI play rather than a niche developer tool.

The platform allows users to generate a personal AI agent in about 60 seconds, with no coding or technical setup.

Unlike standard chatbots, these agents are designed to carry out actions like sending messages, managing calendars, automating workflows or building simple projects.

ai.com says agents can even create new capabilities on their own if a task requires functionality that does not yet exist.

Those improvements, once validated, are shared across the wider agent network. In theory, that creates a flywheel effect: the more agents are used, the more capable all agents become.

Marszalek has framed this as a decentralized system that could speed progress toward artificial general intelligence, or AGI: AI systems that can perform a wide range of tasks at a human-like level.

“We are at a fundamental shift in AI’s evolution as we rapidly move beyond basic chats to AI agents actually getting things done for humans,” said Kris Marszalek, Founder and CEO of ai.com.

Our vision is a decentralized network of billions of agents who self-improve and share these improvements with each other, vastly and rapidly expanding agentic capabilities and accelerating the advent of AGI.

ai.com will officially launch its agent product on February 8, 2026, with a high-profile advertising debut during Super Bowl LX on NBC.

Autonomy meets privacy and regulation

While the promise is bold, autonomous agents raise immediate questions around safety, privacy and accountability.

ai.com says each agent operates in a secure, isolated environment where user data is encrypted with individual keys and actions are limited strictly by user permissions.

That architecture will be tested quickly if agents are allowed to trade stocks, handle payments or interact with third-party platforms.

Financial regulators, in particular, are likely to scrutinize how responsibility is assigned when an AI agent makes a mistake or executes a harmful action.

The company says users will retain full control, with all actions permission-based. Still, the real challenge will be proving that consumer-grade autonomy can scale without introducing new risks.

ai.com is free to start, with paid subscription tiers offering more advanced capabilities.

Additional features under exploration include financial integrations, agent marketplaces and social networks connecting humans, agents and agencies.

For now, ai.com’s launch signals a shift in the consumer AI narrative, away from asking questions and toward getting things done.

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